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Consumer Stocks Earnings in Queue: JJSF, KMB, CKEC, & ACU

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After all the market volatility caused by Brexit, investors’ focus has now shifted to the Q2 earnings season, which is still in a very early phase.

Out of the 36 S&P 500 members that have come up with their quarterly numbers, approximately 66.7% have posted positive earnings surprises, while 41.7% have surpassed revenue expectations – per the latest earnings preview report as of Jul 15. However, earnings for these companies are down 3.9% from the same period last year, while revenues have dipped 0.1%.

For Q2, while Oil/Energy is expected to cause most of the damage, there is not much positive growth coming from other major sectors either.

The performance of the Consumer Staples space hasn’t been that impressive so far this season. As of Jul 15, 16.1% of the total S&P 500 companies in this sector had reported their results. Of these, 80% delivered an earnings beat and about 60% were ahead of revenue estimates. However, both earnings and revenues declined 0.9% and 7%, respectively.

Taking a look at the forecasts, total earnings for the Consumer Staples sector are expected to drop 3% whereas revenues are anticipated to increase 0.3%.

The Consumer Discretionary sector, however, looks bright currently. 5.7% of the total number of S&P 500 companies in this sector havereported their results, wherein all delivered an earnings beat and about half cruised ahead of revenue estimates. While earnings surged 15.2% year over year, revenues advanced 5.1%.

For Q2, total earnings for the Consumer Discretionary sector are expected to drop 1.3%, whereas revenues are anticipated to increase 3.4%.

Such projections, even in the face of foreign currency fluctuations, uncertainties looming over the Fed’s rate hike decision and volatile commodity prices, highlight the strength of this sector, which mainly runs on consumer behavior.

Well, the Q2 earnings season has just started and hence investors will be keen to know which stocks have the potential to beat estimates. Let us have a look at some consumer stocks whose releases are scheduled in the next few days.

Kimberly-Clark Corporation (KMB - Free Report) , a consumer product giant, is scheduled to report second-quarter 2016 results on Jul 25. It has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell). The Zacks Consensus Estimate for second quarter earnings is pegged at $1.48 per share. Additionally, the company has delivered an average positive earnings surprise of 1.24% in the trailing four quarters.

While Kimberly-Clark’s cost saving initiatives and continued product innovation have been driving earnings for the past many quarters, currently the company is facing headwinds, which is driving down its share price. (Read: Kimberly-Clark Q2 Earnings: What's in the Cards?).

KIMBERLY CLARK Price and EPS Surprise

KIMBERLY CLARK Price and EPS Surprise | KIMBERLY CLARK Quote

J & J Snack Foods Corp. (JJSF - Free Report) is slated to release third-quarter fiscal 2016 (ending June) results on Jul 25. It has an ESP of 0.00% and a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for third quarter earnings is pegged at $1.35. This manufacturer of nutritional snacks foods has missed the Zacks Consensus Estimate by an average of 0.71% in the trailing four quarters.

J&J SNACK FOODS Price and EPS Surprise

J&J SNACK FOODS Price and EPS Surprise | J&J SNACK FOODS Quote

Carmike Cinemas Inc. is one of the largest motion picture exhibitors in the United States. It will report its second quarter 2016 results on Jul 25. It has an ESP of 0.00% and a Zacks Rank #5 (Strong Sell). The Zacks Consensus Estimate is pegged at 14 cents. Additionally, the company has delivered an average positive earnings surprise of 33.39% in the trailing four quarters.

CARMIKE CINEMA Price and EPS Surprise

CARMIKE CINEMA Price and EPS Surprise | CARMIKE CINEMA Quote

Housewares and accessories supplier, Acme United Corporation (ACU - Free Report) , with a Zacks Rank #3 and an ESP of 0.00%, is scheduled to report its earnings on Jul 22. The Zacks Consensus Estimate for the quarter is pegged at 81 cents.

ACME UTD Price and EPS Surprise

ACME UTD Price and EPS Surprise | ACME UTD Quote

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